OYO Life Foray Into Students Housing Segment; Partners With IIT Delhi, Plaksha University

OYO LIFE, the country's fastest-growing long-term fully managed housing rental solutions player confirmed it's now expanding its footprint in India by growing its presence in the student housing segment as well.

Traditionally catering to first jobbers and professionals, OYO LIFE is also tieing up with marquee institutes like IIT, Delhi and Plaksha University’s Fellowship program in Gurgaon and will be managing over 500 beds for the student community.

With the growing student intake especially in institutes in metropolitan cities and the consequent shortage of on-campus hostel facilities, the company is poised to tap the opportunity by providing fully managed, long term rental solutions to students. OYO LIFE has signed an agreement to provide 500+ beds for students of both IIT and Plaksha Tech Leaders Fellowship in Delhi and Gurgaon respectively to provide affordable accommodations starting from the price as low as Rs 6500 -12,999 per bed, per month (in some cases, depending on the location and size of the room. All OYO LIFE buildings will be equipped with essential amenities like Wi-Fi connectivity, television, refrigerator, AC, regular housekeeping, power backup, CCTV surveillance, and 24/7 caretaking.

Targeted at millennials and young professionals in search of fully managed homes on long-term rentals, at affordable prices, OYO LIFE offers end to end managed, comfortable, high-quality living experience that eliminates the hassles of finding, accessing and managing everyday housing.

“As academic pursuits today require more flexibility and mobility, the demand for fully furnished, fully maintained, internet-ready accommodations and innovative services have increased manifold. OYO LIFE recognizes this need and provides a hassle-free fully managed service to students looking for a place to stay closer to their academic institutions. With OYO LIFE, we are also providing students with a range of affordable amenities such as surveillance and security, Wi-Fi, food, etc to make daily life more convenient. We are confident that our growing presence in the student housing segment will enable us to scale 100K beds by 2019-end, said Mr Rohit Kapoor, CEO, New Real Estate Businesses, OYO.